3i Group plc alongside the management team of Evernex SA reached an agreement to acquire Evernex SA from Carlyle Europe Technology Partners III, L.P. managed by The Carlyle Group L.P. and others.
Waska, a division of Clair Industrial Development Corporation Ltd., will build a fully automated cedar shingle facility in Clair, New Brunswick, supported by a $2.4 million investment from Natural Resources Canada. The plant will create 26 new jobs and sustain over 90 existing jobs.
SECO/VACUUM, a SECO/WARWICK Group company, has received an order for a high-volume nitrocarburizing line from a tier-one automotive supplier. The furnace will be used to produce parts for a major carmaker in North America.
Toscotec was appointed turnkey supplier of a new AHEAD-2.0L tissue line for Paloma's mill in Sladki Vrh, Slovenia, with delivery scheduled for March 2020 and start-up for June 2020.
Gewefa UK has secured its largest single order for 600 toolholders, including 400 Grindtec grinding arbors and collet chucks, for use on Magerle MFP 100 grinding and milling centers in aerospace applications.
Maire Tecnimont Group, through its subsidiary Stamicarbon, acquired Dutch IT company Protomation, which develops operator training simulators for the chemical process industry. The acquisition enhances the group's digital transformation roadmap.
Arcline Investment Management signed a definitive agreement to acquire the Reciprocating Compression division of Baker Hughes, a GE company, which manufactures compression and engine systems in Houston, Texas and Salina, Kansas. The price was not disclosed.
NPK NIKA of Shakhty plans to add two production workshops in 2019 and two more in 2020 at its equipment plant, which makes compressors and components for natural gas refueling stations.
Okuma Europe and Hommel Holding signed a purchase agreement for Okuma Europe to acquire Hommel CNC Technik GmbH (HCT), its long-standing German sales partner. The acquisition is subject to antitrust approval and will take effect September 1, 2019. HCT's over 100 employees will be taken over.
Ag Growth International (AGI) made a US$15 million minority equity investment in ag tech firm Farmobile, effective July 17, 2019, with the right to appoint two directors to Farmobile's board.
Advanced Cooling Technologies is expanding its Lancaster, Pennsylvania facility by 4,500 sq ft to 62,000 sq ft to meet increased demand in its Product Development Group and Manufacturing. The space is expected to be fully operational by end of Fall 2019.
DreBo Werkzeugfabrik GmbH is investing €2.1 million in a new forging line and automation for chisel production at Bad Saulgau-Krumbach, and €5 million in new machines for rock drill development and testing at Altshausen.
Vecoplan is supplying equipment for Brightmark's Indiana project, as reported on July 16, 2019.
Nilfisk is moving all production from a leased site to a new 32,000 sqm plant in Nagykanizsa, Hungary, following years of capacity and workforce expansion. The workforce has tripled to nearly 500 at the site.
Carlisle Fluid Technologies (CFT), a division of Carlisle Companies, has acquired Ecco Finishing, a Swedish manufacturer of painting equipment and sealing applicators. The acquisition strengthens CFT's sealants and adhesives offering.
ATS Automation Tooling Systems is planning a multimillion-dollar expansion at its Cambridge headquarters, adding 122,000 square feet of space including manufacturing, office and innovation space. The expansion is part of a $60 million global initiative and will create 120 new jobs.
Mikron Tool celebrated the groundbreaking for a new manufacturing building at its Rottweil site, which will double production surface starting in 2020 and allow installation of more grinding machines and hiring of additional employees.
Tobroco-Giant plans to invest €14 million in 2019 to expand its production facilities in Oisterwijk, Netherlands, including a new 8,000 m² warehouse to start construction in October.
Union Officine Meccaniche Spa has completed the purchase of majority control of Costruzioni Meccaniche Tecom srl of Olgiate Olona, Italy, a producer of blown extrusion lines for polyolefin and compostable biopolymer films.
Hillenbrand Inc. is buying Milacron Holdings Corp. in a deal valued at approximately $2 billion, including net debt. Milacron stockholders will receive $11.80 in cash and 0.1612 shares of Hillenbrand common stock per share. The combined company expects annual revenues of about $3 billion by 2021.
Volvo Construction Equipment will build a $1.7 million expansion of its facilities in Eskilstuna, Sweden, including a customer demonstration arena for electric and autonomous machines, a new R&D test track, and an energy recovery system.
Concept Metals Group acquired Freedom Manufacturing, an advanced precision machining company in Comstock Park, Michigan, with 46 employees. Financial terms were not disclosed.
Industrial Tooling Corporation (ITC) has taken delivery of a new ANCA MX7 Linear grinding centre, the 4th ANCA machine at its Tamworth facility. ITC has invested over £1.5m in manufacturing equipment to extend product ranges.
Bosch plans to sell its packaging machinery business to CVC Capital Partners, as announced on July 12, 2019. Reuters valued the unit at about 850 million euros, though financial terms were not officially disclosed.
Kramp UK will move to a new 14,000 sq metre warehouse in Biggleswade in early 2020, three times the size of its current warehouse, to support growth in agricultural spare parts.
Nix Companies Inc. acquired the assets of Heritage Custom Fabricators, Inc., a Princeton, Indiana-based heavy machining and gear manufacturing company. Heritage will operate as an independent division of Nix Companies.
JCB announced a $25 million investment in its Brazilian operations at the Sorocaba plant in São Paulo. The investment will support the launch of new products for Brazil and neighboring markets.
ABB, Inc. will expand its facility in Mebane, Orange County, North Carolina, investing up to $39.9 million to upgrade equipment and increase the size of the facility. The expansion will create more than 400 jobs.
thyssenkrupp announced an €80 million investment to build a new forging line at its Homburg site in Saarland, Germany, to produce forged front axles for trucks. The project will create 70 new jobs and is the largest single investment at the site.
DMG MORI established a global parts center (PC) at its Iga campus in Iga City, Mie Prefecture, Japan on July 9, 2019. The facility has a floor area of 12,810 square meters and can accommodate 100,000 spare parts.
Mammoet and ALE confirmed they are negotiating a purchase agreement under which Mammoet would acquire ALE, a British heavy lift and transport specialist.
KNM Group, through its subsidiary FBM Hudson Italiana, won a $8.7 million contract from Technip FMC to provide design, engineering and fabrication services for air-cooler heat exchangers at the Midor refinery in Alexandria, Egypt.
Keppel FELS awarded TMC Compressors of the Seas a contract to deliver an energy-saving marine compressed air system for the first midwater semisubmersible rig it is building for Awilco Drilling, scheduled for delivery in March 2021. The contract value was not disclosed.
Dussur, Saudi Aramco and Hyundai Heavy Industries signed a joint venture to manufacture 2-stroke and 4-stroke marine engines, electric power plant engines and marine pumps at Ras AlKhair in Saudi Arabia's Eastern Province. The venture is expected to create over 720 jobs.
Yamaha Marine Precision Propellers broke ground on a new 54,000 square foot manufacturing facility in Greenfield, Indiana, to increase annual propeller production from 60,000 to over 100,000, with an $18.3 million investment and 30 new jobs.
Carlisle Companies Incorporated acquired Ecco Finishing, a Swedish manufacturer of painting equipment and sealing applicators, to expand Carlisle Fluid Technologies' sealants and adhesives portfolio.
Reifenhäuser Group started construction of a 3,000-square-meter production and assembly hall for flat dies at its Troisdorf headquarters, investing nearly €7 million. The hall is scheduled to open in spring 2020.
Siemens has agreed to acquire Industrial Control Technology (IST), a producer of industrial control technology. IST will become part of Siemens' Digital Industries division in April 2020.
Giken Seisakusho will invest 9 million euros to expand its group company Giken Europe BV's headquarters and factory in Almere, Netherlands, adding a new factory and office building. Construction starts July 2019 and completes March 2020.
Alo, a supplier of agricultural machinery, will establish operations in Mauldin, South Carolina, with a $6 million investment creating 44 jobs. The facility will include distribution, steel fabrication, and assembly, and is projected to come online in October 2019.
Schwing Stetter India (SSI) commenced local manufacturing of construction and mining equipment with a new excavator plant in Cheyyar, Tamil Nadu. The plant, built with an investment of Rs 230 crore, can produce 2,500 excavators per shift and is expected to hire 500 people.
Turkish company Odesa Hydraulic plans to invest $5 million in a new plant in the Odesa region, Ukraine, making hydraulic and pneumatic equipment, pipes and metal products, and to create about 200 jobs.
Metso and Outotec agreed to combine Metso Minerals and Outotec to create a leading company in process technology, equipment and services for minerals, metals and aggregates. The combined company will be named Metso Outotec.
Kranovy Zavod, part of BelAZ-Holding, opened a new shop for producing bridge cranes with capacity up to 240 tonnes in Slutsk, Belarus. The investment was over 15 million euros, and the shop covers 6,400 square meters.
Jaypee Engineering & Hydraulic Equipment (JEHEL) has entered a joint venture agreement with Turkey's ASELKON to manufacture knuckle-boom telescopic cranes for truck, railway, and ship applications under the JEKON brand.
Leister AG has built a new production facility in Sarnen, Switzerland, for CHF 25 million. The facility was opened on July 4, 2019.
Mantsinen Group will invest over 12 million euros in its Ylämylly factory in Finland, adding 3,000 m² of production space, a milling boring center, and a surface treatment line to boost capacity.
The shareholders of Natgraph confirmed the sale of Natgraph Ltd to Indutrade AB, a Swedish industrial investment group. Natgraph will continue to operate with its existing board and management.
Essentra plc acquired 100% of the share capital of Innovative Components Inc. and Componentes Innovadores Limitada for an undisclosed cash consideration. The acquisition strengthens Essentra's Components division in plastic and metal components.
Glaston Group has closed a deal for a large Bystronic glass B'JUMBO Insulating Glass line with Portuguese glass processor Maxividro. The line is one of the largest I.G. lines Bystronic glass has ever built.